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    3121 W 63Rd St Chicago, IL 60629

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    For Sale
    $319,000

    Investment property featuring a remodeled salon and a three-bedroom unit.

    Property Features for 3121 W 63Rd St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1923

    Source: IDREAM REALTY INC Agent ROSALBA BULZA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Retail and Residential Property

    This solid brick building presents an investment opportunity, featuring a newly remodeled spa/beauty salon on the first floor with a one-year lease. The second floor contains a large unit with three bedrooms and 1.5 bathrooms. The full basement is unfinished and includes a bathroom. Additionally, the property has a two-car brick garage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    LONDYN EXTENSION & BEAUTY Hair Salon

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7015654
    Latitude
    41.7787193

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    FAQs

    What type of property is this?
    Retail space - Investment property featuring a remodeled salon and a three-bedroom unit.
    Where is this retail space located?
    The property is located at 3121 W 63Rd St Chicago, IL.
    What is the asking price?
    The asking price for this property is $319,000.
    What are key features of this property?
    This property features: - Newly remodeled spa/beauty salon on the first floor with a 1-year lease provides immediate rental income.; - Solid brick building construction.; - Second-floor unit features 3 bedrooms and 1.5 baths.
    Request Owner's contact information
    3121 W 63Rd St Chicago, IL 60629
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    Chicago, IL 60629
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3121 W 63Rd St Chicago, IL 60629
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